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Weichuang and Foxconn will invest 7.1 billion yuan to expand existing factories in India in five years

via:新浪科技     time:2019/2/12 17:31:31     readed:503


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It is reported that Weichuang Capital has applied to the government for an investment of 50 billion rupees and Foxconn has invested 25 billion rupees. According to the preferential policies of the government, the two Taiwan manufacturing factories can receive preferential treatment of 10 billion rupees and 5 billion rupees respectively.

Since the amendment of the preferential incentive policy (M-SIPS), the Indian government has received 421 applications, 193 of which have been approved. Of the 193 applications approved, 144 have brought a total of 92.52 billion rupees in investment. "In December alone, the government received 146 applications to invest 431.4 billion rupees," an official told reporters. "With the exception of two mega-projects, by December 31, we had received 421 applications with a total investment of more than 1 trillion rupees."

Weichuangzitong is planning to use its PC, Internet of Things, Medical and Medical ServicesCloud servicesWait for business to bring to India. The company already has two factories near Bangalore that produce apples for sale in India.IPhoneSE and the iPhone 6S. According to people familiar with the company's plans, the company expects that the investment will bring more than 10,000 jobs.

Foxconn filed an application in December for an investment of 25 billion rupees. Foxconn recently expressed concern about the government's failure to repay Rs. 10 billion in time under the GST system, saying that one of its major factories in India is currently underfunded and may affect future plans for local electronics production.

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